Debt Restructure Leverages Enhanced Liquidity
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This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentPERTH, Australia, Dec. 17, 2025 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”) is pleased to announce that the restructure of its syndicated debt facility (Debt Facility) with its Lenders, Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division), Nedbank Namibia Limited and Macquarie Bank was executed on 18 December 2025 with completion of the restructure conditional on the finalisation of customary conditions.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentArticle contentThe original Debt Facility was executed in January 2024 prior to the recommencement of production at the Langer Heinrich Mine (LHM) and the Company’s acquisition of Fission Uranium Corp. The restructure aims to right-size the overall debt capacity, reducing it from US$150M to US$110M, leveraging Paladin’s enhanced liquidity position following the successful completion of the A$300M equity raise and A$100M Share Purchase Plan in 2025. The restructure also reflects Paladin’s increasing maturity as a uranium producer as it continues to progress the ramp up at the LHM, while providing greater undrawn debt capacity and balance sheet flexibility.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe restructure provides Paladin with a US$110M Debt Facility including:Article contentTerm Loan Facility of US$40M (30 September balance: US$79.8M), reducing costs associated with the current debt portfolio, maturing on 28 February 2029An undrawn Revolving Credit Facility of US$70M (30 September balance: undrawn US$50M Facility), providing additional undrawn debt capacity, maturing on 28 February 2027 with an option to extend twice by a further yearArticle contentArticle contentAs part of the restructure, a repayment of US$39.8M will be made to reduce the Term Loan Facility at completion. Please refer to Schedule 1 for the key terms of the restructured Debt Facility.Article contentThis announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.Article contentContacts Investor RelationsMediaHead OfficeHead Office Paula RaffoAnthony HasluckPaladin Investor RelationsPaladin Corporate Affairs T: +61 8 9423 8100T: +61 409 448 288E: paula.raffo@paladinenergy.com.auE: anthony.hasluck@paladinenergy.com.au Article contentSchedule 1 – Summary Terms of US$110M Debt FacilityArticle content Term Loan FacilityRevolving Credit FacilityBorrowerPaladin Energy Ltd and Paladin Finance Pty Ltd (a wholly owned subsidiary of Paladin Energy Ltd)LendersNedbank Limited, Nedbank Namibia Limited and Macquarie Bank LimitedCommitmentUS$40M (drawn)US$70M (undrawn)SecuritySenior SecuredRepaymentQuarterly capital repaymentover 12 repayment periods. Voluntarily repaymentBorrowers may choose to repay and redraw anytime during the availability period. Repaid in full by final maturity date.Maturity28 February 202928 February 2027, with an option to extend twice by a further year, subject to a six month notice period and Lender approvalCovenantsCustomary covenants, representations and events of default for a secured debt financing with financial covenants including debt service coverage ratio, net Debt/EBITDA ratio, reserve tail ratio, and minimum cash balanceArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending Canada's population declines for the first time since the pandemic News 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate Is a $2.75 million portfolio enough for Halifax empty nesters to retire early?
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Personal Finance World watches as Ottawa's bullish shift on LNG puts wind at the back of two major projects Oil & Gas Expect 'dramatically higher' oil prices in 2026, says Eric Nuttall Oil & Gas